#update

📌Powell's recent speech ¹:

- *Inflation*: Powell said that the February PCE inflation report was “pretty much in-line with our expectations.” Core PCE, which excludes food and energy prices, was up 2.8% on a 12-month basis, and headline inflation was 2.5% year over year.

- *Interest Rates*: Powell said that the Fed doesn't see it as likely that they would begin to reduce interest rates until the Federal Open Market Committee is confident that inflation is moving down to 2% on a sustained basis.

- *Economic Growth*: Powell said that the U.S. economy is growing at a solid pace, and the labor market is resilient, giving the Fed time to gain additional confidence that inflation is cooling before taking the important step of cutting rates.

- *Banking System*: Powell said that the U.S. banking system is sound, and there are lessons that can be applied from the recent banking crisis. While there are some concerns that commercial real estate losses could impact smaller and regional banks, Powell said the banking system as a whole is in a good place.

- *Monetary Policy*: Powell said that the Fed's hand is a steady hand when it comes to determining the path of monetary policy, and that they are making progress in their goals. He also noted that it's important to be nimble and flexible, as the economy can and often has recently performed in unexpected ways.

* Publish by 📝 AJ GHAM YAR